• Allegion average pre-tax profit margin for 2023 was 16.57%, a 0.42% increase from 2022.
• Allegion average pre-tax profit margin for 2022 was 16.64%, a 6.78% decline from 2021.
• Allegion average pre-tax profit margin for 2021 was 17.85%, a 34.41% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.